IOCL rolls out M15
Indian Oil Corporation Ltd. (IOCL) has rolled out petrol M15. A 15 per cent blend of methanol and 85 per cent gasoline was launched by Rameswar Teli, Minister of State for Petroleum and Natural Gas in the presence of Niti Aayog member, VK Saraswat and IOCL chairman, SM Vaidya. It was introduced on pilot basis in Assam’s Tinsukia district. According to Teli, this fuel will help lower greenhouse gas (GHG) emissions by about 5 to 10 percent and improve air quality in the country, thereby enhancing the overall health and well-being of the citizens. It will also help offer relief from the rising fuel prices, he stressed. The use of M15 fuel is expected to have a positive impact on import substitution and save billions of dollars in fuel import bills, the company tweeted.